Search Results for keywords:"Servicemembers Civil Relief Act"

Found 2 results

Search Results: keywords:"Servicemembers Civil Relief Act"

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  • 2021-01481 — Publication of Housing Price Inflation Adjustment
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    Type:Notice
    Citation:86 FR 6878
    Reading Time:about a minute or two

    The Department of Defense has announced the new rent threshold for 2020 under the Servicemembers Civil Relief Act. As of January 1, 2021, the adjusted maximum monthly rental amount service members can have without facing eviction is $4,089.62. This adjustment accounts for inflation and is intended to protect service members and their families from eviction during periods of military service. The changes are published in the Federal Register to ensure transparency and compliance.

    Simple Explanation

    The Department of Defense has set a new rule that says military members can't get kicked out of their rental homes if their monthly rent is $4,089.62 or less, starting in 2021. This helps make sure that soldiers and their families have a safe place to live, even when they have to move around for their jobs.

  • 2024-28574 — Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; Comment Request; Servicemembers Civil Relief Act (SCRA): Interest Rate Limitation Request
    Type:Notice
    Citation:89 FR 96949
    Reading Time:about 2 minutes

    The Department of Education is proposing to extend without changes a current information collection request related to the Servicemembers Civil Relief Act (SCRA), which ensures that active-duty military members have a cap of 6% on interest rates for their loans. This effort focuses on verifying borrower's military status using the Department of Defense’s database and providing the interest rate benefit accordingly. Public comments on this proposal are being accepted until January 6, 2025. The Department is particularly interested in feedback on the necessity of the collection, the accuracy of the burden estimate, and suggestions for improving the process.

    Simple Explanation

    The paper from the Department of Education says they're checking to make sure soldiers don't pay too much interest on loans. They are asking people to share what they think about this plan, but they didn't say how those thoughts will be used or how they decided on the time it takes to do all this work.